Farhadian Farhadian

Otto increases turnover by 13 percent

The individual company Otto has now published its turnover figures for the past financial year 2021/22, according to which the company was able to increase its turnover by 13% to EUR 5.124 billion. As an important element contributing to the growth, Otto cites the number of marketplace partners, which increased from 1,000 to 3,500 in the past financial year and continues to grow steadily.

Since 2020, the Hamburg-based company has made it possible for interested brands and retailers to offer their own product ranges on otto.de in return for commission. In total, there are currently over ten million products in the otto.de shop. By comparison, in 2018 there were still one million items.

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